GSA Capital Partners LLP Sells 75,971 Shares of Extreme Networks, Inc. (NASDAQ:EXTR)

GSA Capital Partners LLP trimmed its position in Extreme Networks, Inc. (NASDAQ:EXTR - Free Report) by 65.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,438 shares of the technology company's stock after selling 75,971 shares during the quarter. GSA Capital Partners LLP's holdings in Extreme Networks were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Extreme Networks in the first quarter worth about $27,000. GAMMA Investing LLC boosted its position in Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company's stock valued at $30,000 after purchasing an additional 1,035 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Extreme Networks by 1,635.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company's stock worth $67,000 after buying an additional 4,709 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Extreme Networks in the second quarter worth $90,000. Finally, Hennessy Advisors Inc. bought a new stake in Extreme Networks in the second quarter valued at $148,000. 91.05% of the stock is owned by institutional investors and hedge funds.

Extreme Networks Stock Up 0.6 %

Shares of EXTR traded up $0.09 during mid-day trading on Tuesday, hitting $15.42. 629,527 shares of the company's stock were exchanged, compared to its average volume of 1,837,649. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -15.85, a P/E/G ratio of 3.40 and a beta of 1.77. Extreme Networks, Inc. has a twelve month low of $10.49 and a twelve month high of $18.77. The firm has a fifty day moving average of $15.17 and a two-hundred day moving average of $13.73.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. B. Riley increased their price objective on shares of Extreme Networks from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Rosenblatt Securities reiterated a "buy" rating and set a $21.00 price objective on shares of Extreme Networks in a research report on Wednesday, November 6th. Needham & Company LLC restated a "buy" rating and issued a $16.50 target price on shares of Extreme Networks in a research report on Thursday, August 8th. StockNews.com upgraded Extreme Networks from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Craig Hallum raised their price target on Extreme Networks from $17.00 to $22.50 and gave the company a "buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.00.

Insider Activity at Extreme Networks

In other Extreme Networks news, Director Raj Khanna sold 10,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total transaction of $165,300.00. Following the completion of the sale, the director now directly owns 228,733 shares in the company, valued at $3,780,956.49. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward Meyercord sold 35,725 shares of Extreme Networks stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.75, for a total value of $526,943.75. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares in the company, valued at $21,363,575.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,175 shares of company stock valued at $1,763,279. Corporate insiders own 3.70% of the company's stock.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.